8月7日，浩辰软件发生一笔大宗交易，成交10万股，金额493.4万元，成交价49.34元，较收盘价折价 0.80%。近3个月该股累计发生23笔大宗交易，合计成交金额1.00亿元。 当日主力资金净流出502.92万元，占流通市值的0.25%。近5日主力资金净流入2516.25万元，占流通市 值的1.25%。 浩辰软件股价报49.74元，较前一交易日下跌1.54%，成交额0.82亿元。盘中最高触及50.68元，最低下探 至49.35元，振幅2.63%。 浩辰软件属于软件开发行业，专注于工业软件研发，主要产品包括CAD设计软件等。公司总部位于江 苏，业务涉及信创及国产软件领域。 风险提示：市场有风险，投资需谨慎。 ...

Summary of Conference Call Notes Industry Focus - The conference call primarily discusses the **domestic computing industry** and its **self-controllable sector**, particularly focusing on **国产化替代** (domestic substitution) in the context of the **信创** (Xinchuang) initiative [1][3][5]. Core Insights and Arguments - Investment should focus on **core areas** such as **operating systems, chips, and databases**, which are expected to dominate the software ecosystem and concentrate profits as the industry matures [1][3]. - There is a significant investment opportunity in **industrial control PLC, CEM, and CAD design software**, which currently have low penetration rates. The potential for product breakthroughs in these areas is highlighted as a key driver for domestic substitution [1][3]. - The **competitive advantage** of domestic chips is emphasized, particularly in comparison to **Intel chips** regarding **FP8, FP4, and memory specifications**. Rapid iterations of domestic chips are expected to enhance their cost-performance ratio [1][3]. - The **self-controllable sector's performance** is closely linked to the **replacement cycle**, with a gradual expansion from government sectors to broader industries. Policy support is crucial for this expansion [4][5]. - The best investment phase is identified as the transition from **small-scale pilot projects** to **small-scale rollouts**, with an emphasis on monitoring the pace of **foreign restrictions** on China, which could accelerate domestic substitution [1][6]. Additional Important Points - The **three most promising investment directions** are identified as: 1. Domestic **basic software and hardware** (chips, databases, operating systems) 2. Domestic **industrial software**, leveraging China's manufacturing foundation 3. The **AI sector**, where domestic substitution is a clear trend amid US-China technological competition [2][8]. - The **supply-side** focus should be on product iterations in low-penetration areas like PLC, CAD, and CEL, while the **demand-side** should be guided by policies, especially in industries critical to national security [6][7]. - Historical patterns indicate that each round of **policy reinforcement** leads to downstream industry expansion, making it essential to capture cyclical opportunities as the ecosystem evolves [5].